Peter schiff bitcoin youtube

A Bitcoin critic and a gold bug lost the ability to access a wallet holding his bitcoin BTC , and it has once again raised a discussion on the oft-repeated adage: not your keys, not your coins. This comes less than three weeks since we celebrated the Proof of Keys day, and numerous people in the comments believe that Schiff lost his password. However, he insisted that he did not forget the password, but that the wallet doesn't recognize the correct one. On their side, Blockchain replied to the gold bug, assuring him that the funds are secure and that they'd contact him through a private message. In either case, crypto twitter exploded following Schiff tweet.

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WATCH RELATED VIDEO: 🔴 Max Keiser vs. Peter Schiff - Bitcoin vs. Gold Debate

The argument Bitcoin is a form of digital gold is being torn apart

Euro Pacific Capital's Peter Schiff has used Bitcoiners' own logic against them by arguing that Ethereum is a superior store of value compared to Bitcoin based on its price performance in Bitcoin pumpers claim that Bitcoin is a better store of value than gold because it's price has risen more than gold's price. By that logic Ethereum is a better store of value than Bitcoin. If Bitcoin is gold 2. Has Ether already disrupted Bitcoin? The gold bug referred to the second-largest cryptocurrency as "Bitcoin 2.

He also suggested that Bitcoin might already have been disrupted by its biggest competitor. Prominent members of the Ethereum community found themselves agreeing with Schiff, lending credence to his arguments.

Spencer Schiff, the son of the prominent economist, has a diametrically opposite view on Bitcoin, routinely rebutting his father's disparaging statements about the largest cryptocurrency on Twitter.

In a new tweet, he suggests that meme cryptocurrency Dogecoin has outperformed both Bitcoin and Ether, which supposedly makes it a better store of value than the two largest cryptocurrencies. Gold is down 6. El Salvador President Nayib Bukele, who was recently called out by Schiff for wasting taxpayers' money on Bitcoin, hit back at the "boomer" by pointing out that the tropical country's gold reserves are up only an infinitesimal 0.

You know boomer, we have 44, oz of gold in our reserves. In a follow-up tweet, Bukele revealed that he buys Bitcoin dips on behalf of El Salvador directly from his phone.

Alex Dovbnya aka AlexMorris is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1, stories for U. Today, CryptoComes and other fintech media outlets. About the author. Alex Dovbnya. Valeria Blokhina.

Gold Bug variations: Anthony Pompliano tries to sell Peter Schiff on Bitcoin

He is also involved in various roles in other financial services companies, including Euro Pacific Asset Management, an independent investment advisor, [3] Schiff Gold formerly Euro Pacific Precious Metals , [4] a precious metals dealer, and Euro Pacific Bank, a full-reserve bank. Schiff was born to a middle-class Jewish family [6] in New Haven, Connecticut. Irwin was a prominent figure in the US tax protester movement. He died in federal prison in October while he was serving a sentence of at least 13 years for tax evasion. His parents divorced when he was young, and he moved around the country with his mother and his brother, Andrew, from Connecticut to Manhattan to Florida and finally Southern California. On October 20, , four days after the death of his father, Schiff accused the Federal Bureau of Prisons of inhumanely treating his father and not allowing the usual humanitarian release.

And the first thing I did was go on Youtube, and I pulled the most compelling Eric Voorhees versus Peter Schiff, and I put that into the chatchannel.

Top Crypto Influencers on YouTube

Where is Bitcoin really headed? Join Ken McElroy and famed economist, Peter Schiff, in a discussion about the future of digital currencies, gold, and the crash of bitcoin. Ken McElroy: Hey everybody. And, uh, the coolest part was, is right after we met. He had just predicted the crash. Uh, Peter. Peter Schiff: Oh, thanks Kenny.

Peter Schiff

peter schiff bitcoin youtube

Cryptocurrencies have plunged alongside equities in a rocky start to the year amid tighter-than-expected monetary policy, whereas gold -- often heralded as a store of value and an inflation hedge -- has steadily traded upward this month at 0. Meanwhile, cryptocurrencies continue to demonstrate unpredictable price swings. Cryptocurrency enthusiasts, including Mike Novogratz, have previously said Bitcoin displays the qualities of gold as an uncorrelated asset. Yet, the day correlation between the Nasdaq and Bitcoin currently stands at 0.

Kitco News talks to Peter Schiff, one of the staunchest detractors of Bitcoin, and Alex Mashinsky, a pioneer in the crypto space and a top Bitcoin proponent, live on YouTube. In this special LIVE interactive debate moderated by Kitco News Editor-in-Chief Michelle Makori, we tackle the toughest arguments for and against Bitcoin and cover your questions on which assets offer the best wealth protection in the next economic crisis.

Is Bitcoin Killing Gold?

The former store cashier has been able to make a name for himself in the cryptocurrency space. He started to take crypto seriously towards the end of Runefelt posted his first video on YouTube around December and now has over , subscribers with 70 million views. Just four years ago, he was living a normal life. He dropped out of school very early due to his inability to concentrate he suffered from ADD. With his academic route hindered, his days were spent working at the grocery store and watching YouTube videos.

Peter Schiff Person Used Bitcoin Buy Gold Euro Pacific Precious

Tesla is not Microsoft. Hedge fund sharks will smell blood on Cathie Wood. Bullish gold news ignored by traders. Powell confuses economic strength for an economic bubble. Stocks pump on potential Powell pivot. Fed trying to prevent its credibility and the market from imploding.

Financial guru & Bitcoin's biggest villain, Peter Schiff, SUBSCRIBE TO THE PODCAST ▻ BlueChew: Visit.

E301 Why Bitcoin Will Die (w/ Peter Schiff)

Just as inflation fears were increasing thanks to a global supply crunch and sustained low interest rates near the end of , the world's most famous cryptocurrency went into something of a freefall. All this might happen very soon. He advised those who've borrowed money against their Bitcoin to sell the cryptocurrency now to repay their debt rather than liquidating it later at much lower prices.

In a tweet, Schiff said he will be hosting a live session on YouTube on July 15 and consequently invited willing participants to sell him on the merits of bitcoin. Bring your best argument and be prepare to defend it. Crypto bull Anthony Pompliano then rhetorically asked him how the bitcoin price would be faring if gold were doing that well. It was then that Schiff invited Pompliano to the "bitcoin challenge," saying:.

Euro Pacific Capital's Peter Schiff has used Bitcoiners' own logic against them by arguing that Ethereum is a superior store of value compared to Bitcoin based on its price performance in Bitcoin pumpers claim that Bitcoin is a better store of value than gold because it's price has risen more than gold's price.

By David Boyd Published 8th January Peter is known mostly for his savvy business acumen in addition to being a highly successful broker. As a commentator you've perhaps seen him on TV or YouTube. He works in the finance with a passion for stocks and gold and an advisor to wealthy clients. Peter was born in , in Haven, Connecticut. He comes from a Jewish family considered firmly middle class.

For some, bitcoin is the creme de la creme of assets. Others say its gold. But is one really better than the other?

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  1. Kiarad

    Without much exaggeration, we can say for sure that the post covered the topic 100 percent. :)